October 23, 2020 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.23% during the week ended Oct 22, 2020 while the SPI increased by 8.76% compared to the
October 23, 2020 (MLN): The Government of Pakistan and State Bank of Pakistan (SBP) has today started issuing Islamic Naya Pakistan Certificates (INPCs) for Overseas Pakistanis and Resident Pakistanis with declared assets abroad,
October 23, 2020 (MLN): The World Bank’s Board of Executive Directors approved $304 million in financing for Punjab Resource Improvement and Digital Effectiveness Program (PRIDE). The program supports efficiencies in public resource management
October 23, 2020: Adviser to the Prime Minister on Finance Dr. Abdul Hafeez Shaikh says the government has devised a mechanism for cash transfer to support 16 million deserving families during testing times.
October 23, 2020: The Senate was informed today (Thursday) that a capping plan is being implemented to reduce circular debt. Responding to a question during “Question Hour”, Minister for Energy Omer Ayub Khan
October 23, 2020: Prime Minister Imran Khan has said as the broadening of tax base had vital importance in stabilization of country’s economy, modernization of the Federal Board of Revenue is part of
October 22, 2020: Pakistan has categorically rejected a false media report on FATF. Responding to media queries regarding the role of Saudi Arabia in the assessment of Pakistan's FATF Action Plan, Foreign Office
October 22, 2020: Minister for National Food Security Fakhar Imam has said the decision regarding wheat support price will be taken next week. Chairing a meeting in Islamabad on Thursday, he emphasized the
October 22, 2020: European stock markets slid and the dollar faltered Wednesday despite more upbeat talk in Washington on a US stimulus package. The pound climbed higher meanwhile thanks to hopes that Britain
October 22, 2020: Adviser on Finance Dr. Abdul Hafeez Shaikh says that despite fiscal constraints, after the pandemic, the government has devised a strategy to provide relief to people and businesses by direct
October 22, 2020: Prime Minister Imran Khan has reiterated the resolve to take steps for the promotion of the industrial process and to utilize its existing potential. Chairing a meeting on the promotion
October 21, 2020 (MLN): The Banking sector spread for September 2020 compressed by 39 basis points (bps) over the month which brings its latest value to 4.49% as compared to prior month's spread
October 21, 2020: The coronavirus crisis has hit the garment sector in the Asia-Pacific region hard, with plummeting retail sales in key export markets affecting workers and enterprises throughout supply chains, according to
October 21, 2020: The government's actual borrowing during last two years stood at $7.8 billion, the ministry of finance Wednesday clarified in response to a news item claimed that the government borrowing had
October 21, 2020 (MLN): It goes without saying that energy is the backbone and basic need of all the sectors of the economy, be it industrial, agriculture, commercial, health, education, domestic, or others.
December 20, 2019 (MLN): The non-government sector has borrowed another net sum of Rs.1.89 billion during the week ended December 13, 2019, which brings the cumulative net borrowing for ongoing fiscal year FY2020 to Rs.70.59
December 20, 2019 (MLN): The government of Pakistan has retired Rs.181.16 billion during the week ended December 13, 2019, which brings its total net borrowing for ongoing fiscal year 2020 to Rs.252.65 billion. As of
December 20, 2019: Hutchison Ports Pakistan created maritime history in Pakistan by welcoming maiden call of CV COSCO BELGIUM. It is the largest container vessel to ever call at any port of Pakistan, with length
December 20, 2019: Mobile Phone imports during Jul-Nov 2019 increased by 57% YoY, as compared to the corresponding period of last year. According to the commodity-wise data released by State Bank of Pakistan (SBP), the
December 20, 2019: “It will result in increase of smog in cities, CNG Closure in Sindh is unfair. In Punjab CNG Stations have deposited Billions as advance for the import of LNG.” says Ghiyas Paracha. Senior leader
December 20, 2019 (MLN): Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh has said that current account deficit is down by 72.6% YoY in November 2019, whereas it was reduced by
Dec 20, 2019: Pakistan Post has recently initiated new financial services including 'same day delivery', 'electronic money order', 'postal rest houses' , 'Pakistan foreign remittances' and launching of 'postal mobile application' to overcome its previous
Dec 20, 2019: Chairman Board of Investment (BOI) Zubair Gilani Friday said industrial revolution is on cards in Pakistan due to effective and positive policies of the government in regard of developing Special Economic Zones
Dec 20, 2019: The government has released funds amounting to Rs 288.103 million during first six months of the of current fiscal year to execute petroleum projects under the Public Sector Development Programme (PSDP 2019-20)
December 20, 2019 (MLN): Export of services during Jul-Nov 2019 increased by a small amount of $459 million i.e. 3% YoY, according to the latest data published by State Bank of Pakistan (SBP). The services
December 20, 2019: Prime Minister Imran Khan has directed the chairman Federal Board of Revenue to ensure resolution of issues of builders and constructors on a priority basis. Chairing a meeting of the government's economic
December 19, 2019 (MLN): The Executive Board of the International Monetary Fund (IMF) on December 19, 2019 completed the first review of Pakistan’s economic performance under the Extended Fund Facility (EFF). The completion of the
Dec 19, 2019: Governor State Bank of Pakistan (SBP) Dr Reza Baqir on Thursday said that economic indicators have become positive, and with mobilisation of national resources more relief will be provided to the private
December 19, 2019 (MLN): Central Power Purchasing Agency (CPPA) has proposed an increase of Rs 1.7397/KWH over the reference fuel charges of Rs 3.7579/KWH under fuel price adjustment for the month of October 2019 for
December 19, 2019 (MLN): Pakistan’s Current Account Deficit for the month of November 2019 stood at USD 319 million showing a decline of 72.64 percent when compared to USD 1.166 billion from last year. According
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